Industrial production in Ukraine declined by 5% in October

In October, industrial production in Ukraine dropped by 5% against October last year. In September, a decline was 4.4%, preceded by 5.3% in August, 4.2% in July, 5.6% in June, 12.2% in May, 16.2% in April, 7.7% in March, 1.5% in February and 5.1% in January, according to the State Statistics Service.

At the same time, with adjustment for the effect of calendar days, the fall in industrial production in October was less significant, 3.9% against 5.4% in September.

In October, production of steel and finished metal products declined by 3.3%, mining of iron ores by 1.5% against October 2019.

In 10M 2020, industrial production in Ukraine decreased by 6.8% y-o-y.

In January–October, production of steel and finished metal products dropped by 11.7% and mining of iron ores by 5.4% compared to the same period of the previous year.

In 2019, industrial production in Ukraine declined by 1.8% against 2018. Last year, production of steel and finished metal products decreased by 3.1%, whereas mining of iron ores remained unchanged.